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A Preliminary Assessment of Trump’s Promises on the Overall US Economy

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[yt_dropcap type=”square” font=”” size=”14″ color=”#000″ background=”#fff” ] D [/yt_dropcap]uring his presidential campaign in 2016 Trump promised a 3 to 4 percent  economic growth to be accomplished through steep corporate and individual tax cuts and spending on the country’s infrastructure, i.e., constructions such as roads, airports, and tunnels.

That’s the rosy envisioned scenario. The sad reality of the situation, like much envisioned in Trump’s alternate reality (based on his “the art of the deal”) is much more sobering.  According to 50 economists surveyed by the National Association of Business Economics, the economy will grow only 2.3 percent this year under Trump’s presidency.

So much for the claim of having a savvy reassuring businessman, a risk taker entrepreneur at the helm of the ship of state. Actually, the only two businessmen we have had as presidents of the US were Hoover and George Bush. They both plunged the nations into economic woes; one with the great Depression, and the other with the great Recession. Not exactly a reassuring track record. Given that track record on “smart businessmen” entering politics, let’s keep our fingers crossed and hope for the best while preparing for the worst.

Seventy percent of all economists working in academia, trade association and companies, believe that financial markets are currently too optimistic about the impact of Trump’s proposals; and that’s assuming that they get enacted. The first of these proposals  dealing with health-care reform can hardly be characterized as a great success. Nevertheless economists in general remain optimistic about hiring: they expect an average of 183,000 jobs added per month this year. But they do not expect an infrastructure package, even if it passes this year, to boost the economy until 2018.

Economists also predict that Trump’s tax proposals will face serious challenges before they become law, if the health care bill is any indication. Will Trump confront those stubborn economic facts or will he continue his pursuit of delusions which allegedly will make America great again?  Stay tuned for an answer dictated by the facts and by truth. For the moment it’s enough to say that the stubbornness of facts has a way of catching up with those who consistently ignore them and proclaim their illusions and delusions.

Professor Paparella has earned a Ph.D. in Italian Humanism, with a dissertation on the philosopher of history Giambattista Vico, from Yale University. He is a scholar interested in current relevant philosophical, political and cultural issues; the author of numerous essays and books on the EU cultural identity among which A New Europe in search of its Soul, and Europa: An Idea and a Journey. Presently he teaches philosophy and humanities at Barry University, Miami, Florida. He is a prolific writer and has written hundreds of essays for both traditional academic and on-line magazines among which Metanexus and Ovi. One of his current works in progress is a book dealing with the issue of cultural identity within the phenomenon of “the neo-immigrant” exhibited by an international global economy strong on positivism and utilitarianism and weak on humanism and ideals.

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The importance of Iran’s membership in the SCO

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The members of Majlis (the Parliament) have approved the emergency of the plan of Iran’s commitments to achieve the position of a member state in the Shanghai Cooperation Organization (SCO), – informs IRNA from Tehran.

The  emergency plan was endorsed with 161 votes in favor, two against, and three abstentions.

Ali Adyani, the deputy vice president for parliamentary affairs, said that the plan was proposed by the Ministry of Foreign Affairs, which was endorsed by the cabinet members, and sent to parliament to become law.

According to the official, Iran’s membership in the SCO is of great importance in terms of economic, social, and international affairs particularly because the opportunity would help the Islamic Republic get rid of illegal sanctions and enhance economic diplomacy.

Iran has been an observer of the SCO since 2005. Then, President Ebrahim Raisi called for full membership of the Islamic country in the organization in its last summer summit in Tajikistan.

The legislators have accepted to speed up scrutinizing the plan. Earlier, the Iranian parliament had endorsed the plan of accession of the Islamic Republic to the SCO.

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Sabah: ‘The Americans have deceived themselves, the Europeans and Ukraine’

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The US is repeating the same mistakes as in Iraq, Afghanistan, Libya and Syria. Now – in Ukraine. So it seems inevitable that Washington will face another setback as a result of its ideological obsession, – writes prominent Turkish observer Bercan Tutar at “Sabah” newspaper.

Having suffered a complete failure in the Middle East wars, the Americans sent to Ukraine not only their ineffective weapons, but also their inadequate thoughts and strategies. But no matter what they do, their chances of defeating Russia are very slim.

The 330th day of the war, which began on February 24, 2022, has already been completed. After a short retreat, Russia began redeployment. However, the fact that Russia abandoned the siege of Kyiv and focused on control over Russian-speaking regions led Ukrainian leader Volodymyr Zelensky and the United States to false conclusions.

Encouraged by Russia’s cautious military actions, the United States applied its strategy in the war on terrorism in Ukraine and. According to American experts, the current US administration is following the deadly tracks of previous military propaganda in Ukraine, which proved unsuccessful in Afghanistan and Iraq.

While Russia is pursuing a military strategy that prioritizes its political goals, we see that the US is lacking in both military and political leadership. As soon as the war in Ukraine began, the first goal of the US was to rally its NATO allies against the Russian invasion. It was a smart strategy and it worked.

However, when the US reached the first target, a further one only increased its expectations. Russia was asked to leave not only Donetsk and Lugansk (Donbass), but also Crimea. Even further, the United States began to voice maximalist demands, such as regime change in Moscow. But it is absolutely clear that these demands can arise only in conditions of a total world war.

As a result, American fantasies lead Washington to attempt strategic suicide. The Americans have deceived themselves, the Europeans and Ukraine.

Russian leader Putin said on the occasion of the 80th anniversary of the breaking of the blockade of Leningrad: “We tolerated it for a long time and tried to come to an agreement. As it has recently turned out, they were messing around with us; they were lying to us. This was not the first time this has happened to us. Yet we did everything in our power to settle the problem peacefully. It has become obvious now that it was an inherently impossible mission; the enemy was only preparing to bring this conflict to the hot phase. As I have said, there was no other way than to do what we are doing now.”

In short, some geopolitical officials in the US have dragged Zelensky into a ‘no-win war’ against a nuclear-armed Russia.

Now the world is focused on two options:

– either the US and its allies will perform a ‘miracle’ in Ukraine;

– or the Russians will crush Ukraine and then break the back of the NATO alliance.

Thus, the US strategic position in Europe will come to an end and a new world order will be born, perhaps with several centers of power outside of America.

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War games will take place off Durban between South Africa, China and Russia

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South Africa’s government has finally shown its colours by inviting Russia and China for war games next month, London’s ‘Daily Mail’ writes with indignation and indignation.

SA President Cyril Ramaphosa has ditched his supposed ‘neutrality’ to the war by hosting the naval drills off the country’s east coast near Durban and Richards Bay from February 17 to 27. The move is the strongest indication yet of the strengthening relationship between South Africa, and the anti-West authoritarian regimes of China and Russia.

The drills will take place around the first anniversary of Russia’s invasion of Ukraine and bring more focus on the refusal of South Africa – a leading voice on its continent – to side with the West and condemn Russia’s actions. The South African government said last year it had adopted a neutral stance over Ukraine and called for dialogue and diplomacy.

But the upcoming naval drills have led the country’s main opposition party to accuse the government of effectively siding with Russia.

But the South African National Defence Force (SANDF), which incorporates all of its armed forces, said next month’s naval exercise would ‘strengthen the already flourishing relations between South Africa, Russia and China’. The aim of the drills was ‘sharing operational skills and knowledge’, the SANDF said.

The three countries also conducted a similar naval exercise in 2019 in Cape Town, while Russia and China held joint naval drills in the East China Sea last month.

The United States and European Union had hoped South Africa would support the international condemnation of Russia and act as a leader for other nations in Africa. But, South Africa appealed to be one of several African countries to ‘abstain’ in a United Nations vote last year condemning Russia’s special military operation.

South Africa and Russia share a long history, after the Soviet Union gave support to the ANC in its fight to bring down apartheid, the regime of repression against the country’s black majority, writes London newspaper. (And we should remember, how the British destroyed the Boers’ Transvaal and the Orange Republic of the at the beginning of the 20th century, and planted the apartheid regime here).

Apartheid ended in 1994 when the ANC won the first democratic elections in South Africa and Nelson Mandela became president.

South Africa is also a member of BRICS, a bloc of emerging economies, alongside Brazil, Russia, India and China.

South Africa’s obligations with respect to sanctions relate only to those that are specifically adopted by the United Nations. Currently, there are no UN-imposed sanctions on the particular individual, they say in Pretoria.

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